Senvest Capital Inc.
TSX : SEC

Senvest Capital Inc.

October 26, 2005 18:03 ET

Senvest Capital Reports Results for the Third Quarter Ended September 30, 2005

MONTREAL, QUEBEC--(CCNMatthews - Oct. 26, 2005) - Senvest Capital Inc. (TSX:SEC) today reported net earnings of $8,639,543 or $3.25 per share for the three months ended September 30, 2005. This compares to a net loss of ($9,747,254) or $(3.85) per share for the same period in 2004. Beginning in 2005, the company has adopted fair value accounting, generally referred to as mark to market, for all financial instruments.

Senvest Capital Inc. and its subsidiaries have business activities in Merchant Banking, Asset Management, Real Estate and Electronic Security.



CONSOLIDATED STATEMENT OF EARNINGS
---------------------------------------------------------------------
---------------------------------------------------------------------
(unaudited)

For the three For the nine
months ended months ended
---------------------------------------------------------------------
30/09/2005 30/09/2004 30/09/2005 30/09/2004
---------------------------------------------------------------------
Net Earnings (Loss) $8,639,543 ($9,747,254) $4,445,775 $3,292,290

Earnings (Loss) per
share - Basic $3.35 ($3.85) $1.72 $1.29
Earnings (Loss) per
share -Diluted $3.25 ($3.85) $1.63 $1.26


Contact Information

  • SENVEST CAPITAL INC.
    George Malikotsis
    Vice President, Finance
    (514) 281-8082
    (514) 281-0166 (FAX)
    www.senvest.com